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Top-level
 #FollowTheMoney 𧔠26/n An outstanding review by Will Davies (my Goldsmiths colleague) of Brett Christopherâs âThe Price is Wrongâ: about our neoliberal political economy (using a Braudelian distinction btw âthe marketâ and âcapitalismâ - SO useful) and how this explain why investments in fossil fuels continue to vastly outstrip those in renewables. Key point: Capitalism IS rent-seeking. https://www.lrb.co.uk/the-paper/v46/n07/william-davies/antimarket 11 comments
#FollowTheMoney 𧔠30/n Wow. As Bregman says: Stunning graph: the plummeting tax rates of the richest Americans. For the first time in history, billionaires have a lower effective tax rate than working-class Americans. Look at 1980 - I do continue to think that *everything* could have been different if Carter hadnât lost to Reagan. #FollowTheMoney 𧔠31/n I think the graph came from this New York Times piece but donât have a subscription so canât check. https://www.nytimes.com/interactive/2024/05/03/opinion/global-billionaires-tax.html #FollowTheMoney 𧔠32/n Watched âThe Founderâ on Netflix yesterday, about McDonalds. Really interesting- would recommend it. Particularly how the real breakthrough came when Kroc, advised by Sonneborn, went for real estate. Checked it on Wikipedia: âMcDonald's present-day real-estate holdings represent $37.7 billion on its balance sheet, about 99% of the company's assets and 35% of its annual gross revenue.â #FollowTheMoney đ§”34/n #ClimateDiary We had a veg box for 12 years from Hankham Organics; 3 weeks ago we suddenly had a note with our box that they were closing, as it wasnât working financially any more. đąđąđą And a fish merchant who we got smoked salmon for Christmas from closed this year too, for the same reasons. Plus Goldsmithsâ woes of course (#AcademicVenting). So many good, small organisations struggling and ending. #FollowTheMoney 𧔠36/n Here a positive, progressive use of money flows: 1400+ Columbia University alumni from its 20 schools have pledged to withhold all âfinancial, programmatic, and academic supportâ until school meets demands related to divestment, student discipline, and community safety. #FollowTheMoney đ§”37/n Even though all of us living in the UK know that homelessness is terrible (and has grown exponentially since 2010), it is still shocking to see this graph. (There are notes on methods: all countries included both rough sleeping and invisible homelessness). |
Gregory's Server
#FollowTheMoney đ§”27/n The piece btw contains a necessary critique of my sci-fi âmoney rulesâ take a few posts above. Although i still like the idea of all this being a kind of superorganism. But yes, it is about power - political economy, not just economy.